Flipkart veteran Adarsh Menon, who joined the company in 2015, will head its new businesses such as Shopsy and Cleartrip once Prakash Sikaria leaves the firm later this year. In January, Flipkart Group CEO Kalyan Krishnamurthy told us scaling its new verticals would be the company’s focus in 2022.
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Flipkart’s Adarsh Menon to take over Shopsy, Cleartrip and more in rejig
Long-time Flipkart executive Adarsh Menon will soon head the company’s new business verticals such as social commerce venture Shopsy, travel platform Cleartrip, and its recommerce business, according to an internal memo sent by Flipkart Group CEO Kalyan Krishnamurthy and people briefed on the matter.
Changes: The changes in Menon’s role come after Prakash Sikaria finalised his plans to leave the ecommerce group later this year to potentially start his own venture.
Sikaria was also looking at the engagement and loyalty business, and Menon will head these as well.
Sources told us Sikaria is expected to leave Flipkart only after the company’s flagship Big Billion Days sale over Diwali.
HUL batch: Menon is among the senior Flipkart executives who joined the company in 2015 from Hindustan Unilever Ltd. Over the years, he has been involved in various businesses, including private labels for electronics, furniture and others.
Flipkart’s focus: Sikaria’s exit comes at a time when Flipkart is focussing on scaling its new businesses. Krishnamurthy told us on January 4 that Shopsy, and its grocery, travel and healthcare businesses will drive customer growth in the coming year.
Sikaria told us on July 3 that about a quarter of new customers for the entire Flipkart group come from Shopsy. He said that the platform aimed to acquire 100 million customers by the end of the year and was on course to achieve that target.
